Whitestone REIT (WSR) VP receives 24,084 shares after #1 TSR ranking
Rhea-AI Filing Summary
Whitestone REIT reported an equity award and related tax share withholding for its VP of Human Resources, Soklin Siv. On 01/02/2026, the officer acquired 24,084 restricted common shares at $0, issued upon vesting of performance-based restricted stock units granted in 2023 under the company’s 2018 Long-Term Equity Incentive Ownership Plan. These units vested at 200% of target based on the company’s #1 peer group ranking for total shareholder return for the performance period from January 1, 2023 through December 31, 2025.
Also on 01/02/2026, 6,521 common shares were disposed of and withheld by Whitestone REIT to satisfy tax withholding obligations tied to the vesting, using a per-share value of $13.89 based on the closing sales price on December 31, 2025. After these transactions, the officer directly beneficially owned 98,744 common shares of Whitestone REIT.
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FAQ
What insider transaction did Whitestone REIT (WSR) report for January 2, 2026?
Whitestone REIT reported that its VP of Human Resources, Soklin Siv, acquired 24,084 restricted common shares and had 6,521 common shares withheld to cover taxes on 01/02/2026.
Why did the Whitestone REIT (WSR) performance-based restricted stock units vest at 200% of target?
The units vested at 200% of target because Whitestone REIT achieved a #1 peer group ranking for total shareholder return over the performance period from January 1, 2023 through December 31, 2025.
How many Whitestone REIT (WSR) shares does the reporting officer own after this Form 4 transaction?
Following the reported transactions, the VP of Human Resources directly beneficially owned 98,744 common shares of Whitestone REIT.
What was the purpose of the 6,521 Whitestone REIT (WSR) shares disposed of on January 2, 2026?
The 6,521 common shares were withheld by the company to satisfy tax withholding obligations related to the vesting of restricted units granted under the 2018 Long-Term Equity Incentive Ownership Plan.
How was the per-share value determined for the Whitestone REIT (WSR) tax withholding shares?
The company assigned a per-share value of $13.89 to the tax withholding shares, based on the closing sales price of Whitestone REIT common shares on December 31, 2025.
What role does the reporting person hold at Whitestone REIT (WSR)?
The reporting person, Soklin Siv, serves as VP of Human Resources at Whitestone REIT.